• 4 minutes Get First Access To The Oilprice App!
  • 7 minutes Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
  • 11 minutes Japanese Refiners Load First Iran Oil Cargo Since U.S. Sanctions
  • 13 minutes Oil prices forecast
  • 1 hour *Happy Dance* ... U.S. Shale Oil Slowdown
  • 26 mins Emissions from wear of brakes and tyres likely to be higher in supposedly clean vehicles, experts warn
  • 8 hours Oceans "Under Fire" Of Plastic Trash
  • 7 mins Is Natural Gas Renewable? I say yes it is.
  • 2 hours Making Fun of EV Owners: ICE-ing Trend?
  • 1 day How Is Greenland Dealing With Climate Change?
  • 11 hours Algorithms Taking Over Oil Fields
  • 13 hours Europe Slipping into Recession?
  • 1 min Socialists want to exorcise the O&G demon by 2030
  • 18 hours Nuclear Power Can Be Green – But At A Price
  • 1 day Germany: Russia Can Save INF If It Stops Violating The Treaty
  • 3 mins Chinese FDI in U.S. Drops 90%: America's Clueless Tech Entrepreneurs
  • 7 hours Orphan Wells
BP Bets Big On The Caspian Sea

BP Bets Big On The Caspian Sea

British Petroleum’s wells are targeting…

OPEC Cuts Are Already Paying Off

OPEC Cuts Are Already Paying Off

Despite troubling economic data from…

Savannah Petroleum Makes Third Oil Discovery In Niger

Oil rig

UK-based independent oil and gas company Savannah Petroleum has made a third oil discovery in Niger in as many months and is extending its drilling campaign in the area.

Savannah Petroleum has discovered oil bearing reservoir sandstones in the Kunama-1 exploration well it had drilled in the Agadem Rift Basin in Southeast Niger, the company said in a statement.

In late April, Savannah Petroleum made its first discovery, the Bushiya Oil Discovery, in the Agadem Rift Basin. In June, the UK company announced its second discovery in the area, the Amdigh Oil Discovery.

All three wells drilled have found light oil, Savannah Petroleum said.

Following the three successful discoveries, the company is extending its drilling campaign by exercising the first of six individual options for six additional well spuds. Drilling will now move on to the Eridal-1 well. The well site preparation is in the final stages of completion and is on schedule to accept the rig after it moves from the Kunama-1 well site.

“The Kunama discovery, following on from Amdigh and Bushiya, provides further encouragement for our plans to establish an early production scheme in Niger, which we expect to be able to provide an update on later in this quarter,” Andrew Knott, CEO of Savannah Petroleum, said.

In the Agadem basin in south east Niger, China National Petroleum Corporation (CNPC) has made 97 discoveries from the last 127 exploration wells. The basin has been in production since 2011 following a first phase of development by a CNPC-led joint venture of the Agadem PSC area, which is adjacent to Savannah permit areas, the UK company says.

Niger is a minor oil producer, with recent production at around 9,000 bpd. Niger, a landlocked country in Africa bordering OPEC’s Nigeria, has other resources—it has two significant uranium mines providing around 7 percent of the world mining output from Africa’s highest-grade uranium ores and is the world’s fourth-ranking producer of uranium.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News